Corona virus – German government provides liquidity aid to companies in the form of loans and guarantees
The German government has adopted a comprehensive package of measures. This is intended to help companies, the self-employed and freelancers to overcome the consequences of the Corona crisis. The focus is on liquidity support, as many companies have lost revenues by interrupted supply chains and cancelled orders.
Alongside tax relief and tax deferrals, the Federal Government is making unlimited funds available to secure the liquidity of companies and the self-employed.
A key role is played here by the federally owned KfW, which makes loans (working capital loans, long-term financing) and guarantees available to companies via their house banks -> www.kfw.de.
In the event of (foreseeable) liquidity requirements, companies are advised to obtain information on possible liquidity assistance as early as possible and to apply for the appropriate funds without delay – if necessary by involving advisors with restructuring experience.